Emami gains 3%, hits 52-week high in an otherwise subdued market

Last week, the company announced its forays into home hygiene space with 'EMASOL'

Shares of Emami rose 3 per cent at Rs 415.60 on the BSE on Wednesday in an otherwise subdued market on expectation of rebound in revenue on the back of speedy macro-economic recovery and fast pick-up in rural activities coupled with strong winter.

The personal products company's stock surpassed its previous high of Rs 407, touched on September 15, 2020. In comparison, the S&P BSE Sensex was down 0.52 per cent at 44,290 points, at 12:15 pm.

In the past one week, Emami has outperformed the market by gaining 9 per cent after the company announced its forays